Naredco & Knightfrank Real Estate Sentiment Index Q3

“A noticeable upturn in the commercial real estate sentiments in Q3 2021 coincides with the waning of Covid pandemic shockwaves, vaccinated workforce, upwards resumption of economic growth, positive sectoral outlook with softened interest rate and well infused liquidity in the economy. This nudges developers to chart out fresh lease supply to cater a dispersed portfolio including a ‘Hub and Spoke’ model across peripheral business districts. The ‘Back to Office’ with hybrid model, social distancing, and wellness quotient fuels demand for larger floor plates in Grade A office spaces offered by the branded players. The Future of Work will be skewed towards the ‘Walk to Work’ concept in the right coexistence of value offices and value homes striking perfect social, economic, and ecological balance. The positive GDP growth outlook pegged by numerous apex regulatory agencies allows India to still retain the tag of fastest growing economy, stimulating the upward growth curve of the Indian Real estate industry.
 
In the context of residential real estate, the current and future sentiment for home buyers is remarkably optimistic. The profound home owning sentiments complemented with conducive market economics in festive tailwinds gravitates end-users as well as investors towards the housing market. The stability and security offered by this tangible asset class stands stronger compared to other assets. The institutional retail lending in the housing market has arguably augmented due to the historically low interest rates and advancing consumer demand. This makes it a value proposition for the homebuyers”